Monday, February 2, 2015
' 2 % ක වියදමින් 98% ක් ' සේවය කිරීමට ඉලක්ක කර නව රජය ප්රමුඛ අයවැය. එම යෝජනාව ' සුපිරි ලාභ බදු ' දී රජය ' උපයා ගත් ජයග්රහන ' ප්රතිලාභ සහ අමතරව එක වර , 25 % ක බදු යෝජනා කිරීමෙන් වර්ෂයට සමගාමීව 2103/14 දී LKR2bn ඉක්මවන තුළ එක සතයකවත් ලාභයක් ලබා නැති බව සියලු සමාගම් තෝරා තනි බදු දැනටමත් ගෙවා . අපි (විශේෂයෙන් දෙස නෙත් යොමා ක්රියාත්මක වන අය සමඟ) ප්රතිපත්තිය එවැනි නොගැලපීම් ශ්රී ලංකා සුරැකුම්පත් දීර්ඝ කාලීන ආයෝජකයන්ට භයානක සංඥා යැවීම හැකි විශ්වාස කරනවා. අයවැය ද දැඩි ලෙස ( මත්පැන් දී තවත් දිගුවක් ලෙසින් සැලකිය හැකියි සහ ලයන් දී අමතා, ටෙලිකොම් ) අපි සංඝටක බලපානු විශ්වාස කරන විදුලි සංදේශ හා මත්පැන් කර්මාන්ත මත අධික බදු , අතුල් පහර දුන්හ.
Bridging closer the deficit, despite setting a dicey precedence
The foremost budget of the new Government aimed to serve ‘the 98% at the expense of the 2%’. In the proposal ‘the super gains tax’, the Government singled out all companies that made a profit in excess of LKR2bn in FY 2103/14 as having benefited from ‘ill gotten gains’ and proposed a one time, 25% tax in addition to the taxes already paid. We believe such inconsistencies in policy (particularly with ones with retrospective effect) could send dangerous signals to the long term investors of Sri Lankan securities. The budget also slapped heavy taxes on telecom and alcohol industries which we believe would affect the constituents (DIAL & SLTL in Telco and LION in liquor) severely.
Monday, June 2, 2014
May 27 (As Reuters article) - Sri Lanka stocks fell to a three-week low on Tuesday led by select blue-chips like Sri Lanka Telecom PLC and conglomerate John Keells Holdings PLC, while trading in shares of some financial firms boosted turnover.
The main stock index ended 0.41 percent, or 25.58 points, lower at 6,267.44, its lowest close since May 7.
The day's turnover stood at 1.38 billion rupees ($10.58 million), more than this year's daily average of 1.02 billion, helped by Multi Finance PLC, Entrust Securities PLC , and Asia Asset Finance Ltd.
The bourse saw a net foreign inflow of 35.6 million rupees on Tuesday, extending the year-to-date net foreign inflow to 1.87 billion rupees.
Stockbrokers expect the market to gain in the near future due to lower interest rates after the central bank kept key rates at multi-year lows on Tuesday for the fourth straight month, as expected.
Shares of Sri Lanka Telecom PLC fell 5.74 percent to 46.00 rupees, while John Keells Holdings PLC fell 0.38 percent to 233.10 rupees. Both stocks dragged the overall index.
After the market closed, Keells said its March-quarter net profit fell 9 percent to 4.68 billion rupees.
Multi Finance PLC ended 0.6 percent up at 16.70 rupees, while Entrust Securities PLC rose 1.46 percent to 20.80 rupees. Asia Asset Finance PLC ended flat at 1.80 rupees a share.
The market has been on a rising trend since mid-March as many investors were compelled to return to the stock market because low interest rates have made fixed-income assets less attractive, stockbrokers said.
However, analysts have raised concerns over sluggish economic growth due to lower credit growth and consumer spending.
Despite a multi-year low interest rate regime, data showed private sector credit grew 4.3 percent in March from a year earlier, the slowest expansion since May 2010.
The latest trade data, released on Monday, showed imports have gained 8.2 percent in March, while exports hit a record high of $1.07 billion helping to narrow the March trade deficit by 15.5 percent compared to a year ago.
Central bank Governor Ajith Nivard Cabraal on May 19 said Sri Lanka's private sector credit growth would pick up to around 15 percent by the end of this year and continue to improve through 2016.